Wednesday, January 28, 2009

Emperor Keynes and " -" Hayek?

Ok so whats Salma Busty hayek doing in my blog and is Emperor Keynes one of her latest playthings?
 
I have no idea abt Salma hayeks luv life guys, so sodd offf.........
 
K the ppl in picture are 2 famous economists who defined the recessions ' yes the same recessions because of which u have lost ur salary, have nothing else to do, but a geek as u r, sitting in front of ur stupid computer and reading what everybody has to say as to why u did not get the salary'.
 
And today being the month end does rub salt into the wound doesn't it........Ouch!!! sorry.
 
Mr Keynes Defined a recession called as a Keynesian recession (Duh!) which  represents a sudden fall in demand, and can be remedied within six months by pumping enough purchasing power into the economy.
 
Whereas Mr or Ms Hayek Defined a recession called as a Hayekian recession (Duh! again) A Hayekian recession, however, is caused by misallocation of resources over a long period, driven by unrealistic interest rates, ending in a bust that requires years of structural adjustment. Such a recession can last a decade.
 
The story making in economist (read LOSER) circles is that we are at the beginning of a Hayekian REcession. Y salma hayek y did you have to do this. We are used to inflations on screen from you but y in the economy? YYYYYYYYYYYYY.
 
So brace urself guys, we may have to go back to caveman days if Ms Hayek gets her way in this recession......
 
Rishi
 
 

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